CANQ vs EDGQ

CANQCCalamos Nasdaq Equity & Income ETF

EDGQAGlobal X Nasdaq-100 Income Edge ETF

In short

CANQ Most Nasdaq-100 income ETFs sell calls and cap your upside. CANQ flips it: about 90% in an actively managed bond portfolio, about 10% in long calls on the index's biggest names. Uncapped participation, monthly income funded by bonds.

EDGQ A Nasdaq-100 covered-call fund that rewrites its calls every week and dials coverage up or down with volatility, targeting a 13% annualized distribution rate. Fee waived to zero through March 1, 2027 (0.53% gross).

Stated mandate

CANQ Seeks Nasdaq-100 upside through FLEX options while using an actively managed fixed-income portfolio to mitigate downside risk and provide monthly income.

EDGQ The Fund seeks current income and exposure to the Nasdaq-100 Index. It uses an actively managed covered-call strategy, writing calls on part of its Nasdaq-100 portfolio to generate weekly income while leaving some exposure uncapped for potential appreciation.

Why people hold it

• CANQ Inverts the covered-call playbook. It buys calls rather than selling them, so upside participation in the Nasdaq-100 is uncapped by design.calamos.com
• The income engine is an actively managed multi-sector bond portfolio, not option premium, and the fund pays monthly.calamos.com
• Built to behave like a convertible bond: a fixed-income base plus cash-settled FLEX call options cleared by the Options Clearing Corporation.sec.gov
• Live since 2024 from Calamos, the house that built its name on pairing bonds with equity options.

• EDGQ Zero net fee: the 0.53% gross expense ratio is waived through March 1, 2027. Peer Nasdaq-100 income funds all charge, from GPIQ's 0.29% (net of a waiver through April 30, 2027) to QYLD's 0.60%.globalxetfs.com
• Weekly option rolls instead of monthly, with coverage that flexes as volatility and premiums shift. Stablemate QYLG writes on a fixed slice and rolls monthly.globalxetfs.comglobalxetfs.com 2
• Calls cover only part of the Nasdaq-100 book, so some exposure stays uncapped, and the fund seeks to pay distributions weekly from premiums plus dividends.globalxetfs.com

Worth knowing

• CANQ At 0.94%, it runs above the category median fee. GPIQ charges 0.29% net of a waiver through April 30, 2027, and JEPQ 0.35%.
• The bond sleeve softens drawdowns rather than setting a defined floor, so a Nasdaq selloff still lands, just lighter than on the index itself.sec.gov
• Monthly payouts can include return of capital, disclosed in Calamos 19a notices. It is also a small, lightly traded fund, so limit orders earn their keep.calamos.com

• EDGQ The 13% figure is a target, not a floor. Premium income tracks volatility, and gains on the covered slice are capped at the strike.globalxetfs.com
• Absent renewal, the 0.53% gross fee applies after March 1, 2027, landing above JEPQ's 0.35% and GPIQ's 0.29% (net of a waiver through April 30, 2027).
• A 2026 launch still building scale: short record, lighter trading than the category's giants, so limit orders earn their keep.

Full CANQ profile⁠

Full EDGQ profile⁠